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the president believes he won the election and he upped the ante saying he wants twice as much in tax revenues than he wanted a year and a half ago. the president believes he has higher ground under this. i think maybe the democrats have a deeper trench, if you will. they have public opinion on their side. if you talk to people in washington there is a sense that at the last minute reason will prevail. there is a not a lot of optimism. you know this and my colleagues know it better than i do. more people are talking about the threat that if you don't deal with it you will send the united states back to recession and the global economy is teetering on recession. the stakes are in their political vaults. maybe they're blind to the enormous stakes. >> let me share something that struck me from pimco, the world's largest bond investor. they make informed bets on economies. here's what bill gross said about what's going on now in the u.s. he said, these structural headwinds cannot just be wished away as we move forward. whether it be to the right, the left or dead center. those are things
the president believes he won the election and he upped the ante saying he wants twice as much in tax revenues than he wanted a year and a half ago. the president believes he has higher ground under this. i think maybe the democrats have a deeper trench, if you will. they have public opinion on their side. if you talk to people in washington there is a sense that at the last minute reason will prevail. there is a not a lot of optimism. you know this and my colleagues know it better than i do....
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barack obama knows he just won the election so he can pretty much win this argument so right now it's a lot of posturing, a lot of chest beating, but we're all going to have a happy christmas because they're going to work this out before they go off the fiscal cliff i don't think east party wants -- on their backs if he we go off this cliff, payroll taxes go up and republicans would actually take the brunt of it. >> congressman tim cole of oklahoma said this about the situation, listen to what he said and then i'll get your take on it. >> some of our people think if we just dig in and hold strong, we can stop it, that's not is case, it happens automatically. you have to two something and going something requires the cooperation of the senate which is democrat run and the signature of the president. so we're not going to get 100% of what we want, but we can get a lot. john boehner is trying to focus this where it belongs and that's on spending restraint and excitement reform because this revenue won't come close to dealing with our fiscal problem. >> does this mean that president obama
barack obama knows he just won the election so he can pretty much win this argument so right now it's a lot of posturing, a lot of chest beating, but we're all going to have a happy christmas because they're going to work this out before they go off the fiscal cliff i don't think east party wants -- on their backs if he we go off this cliff, payroll taxes go up and republicans would actually take the brunt of it. >> congressman tim cole of oklahoma said this about the situation, listen to...
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presidential election is over. the federal reserve, by the way, will be watching to see what the fed does in terms of monetary policy. we know it will keep interest rates very low. will they have any stimulus up their sleeve? all of this are things we're still looking forward to. fiscal cliff still hanging over us. markets, at least, are telling us that we think washington will get its act together, avert the fiscal cliff and like what they see from the jobs report this morning. >> my goodness. that's optimism there. can you talk to me a little more about this job market shrinking and that maybe why the unemployment rate dropped? >> two surveys that the government takes, household survey where they call thos thousands of people at home and ask, are you working? that's the number that gives us the unemployment rate. they also talked to thousands and thousands of companies and they say how many jobs do you have? how many jobs have you added? that's how you get that net job creation number up 146,000. when the governm
presidential election is over. the federal reserve, by the way, will be watching to see what the fed does in terms of monetary policy. we know it will keep interest rates very low. will they have any stimulus up their sleeve? all of this are things we're still looking forward to. fiscal cliff still hanging over us. markets, at least, are telling us that we think washington will get its act together, avert the fiscal cliff and like what they see from the jobs report this morning. >> my...
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romney lost the election, but i think he was right about the need to get tough with china. i think that would help up a lot. also, we should open up more offshore areas for drilling, produce more of our own oil, those kinds of things bring down the trade deficit a lot and create the ability to deal with our deficit more reasonably and still provide for people in a more reasonable way. >> so, jared, another area of concern is republicans are now threatening to use the debt ceiling again to basically take the country hostage again. yesterday i compared the debt ceiling -- >> when you talk about the debt ceiling you get very loud. >> i get very emotional. i don't know about that. i do get very emotional. i compared it it to physicianle c fiscal syphilis yesterday. >> i heard your rant. i linked to it on my blog. >> thank you. last time they took the country hostage, it was very damaging, i think, for confidence in our political system, the u.s. credit rating was actually downgraded. it didn't seem to have that much of an impact on the economy. what can we expect if republicans
romney lost the election, but i think he was right about the need to get tough with china. i think that would help up a lot. also, we should open up more offshore areas for drilling, produce more of our own oil, those kinds of things bring down the trade deficit a lot and create the ability to deal with our deficit more reasonably and still provide for people in a more reasonable way. >> so, jared, another area of concern is republicans are now threatening to use the debt ceiling again to...
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representative tom cole from oklahoma and congressman elect ted yoho from florida. >>> coming up, low taxes have been an article of faith among republicans for decades, but is the gop willing to take us over the cliff just to avoid a small marginal increase for the top 2%? we'll delve into the math, next. to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3 series. i cannot believe i have ended the day not scraping some red paint off on these barriers. ♪ [ male announcer ] the all-new cadillac ats. a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescript
representative tom cole from oklahoma and congressman elect ted yoho from florida. >>> coming up, low taxes have been an article of faith among republicans for decades, but is the gop willing to take us over the cliff just to avoid a small marginal increase for the top 2%? we'll delve into the math, next. to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3 series. i cannot believe i have...
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i'm wondering whether it's democrats or liberals are over reading the election? i think it's safe to say there's a fair organization, -- fair argument, that raising taxes on the rich was a consequence of the election. all the other stuff is a leap. >> there's -- >> as far ashat you leverage off. >> winning by a couple points does not turn into a mandate that everybody's behavior in how they consume energy sign up f changing that, increased energy prices, vehicles you can drive, that the behavior changes they need in theory of the causes of things. no one signed up for that because they -- few people signed up for that, a real lifestyle change which would be measurable, financially, and in your behavior, dramatic, very people, i think, vote for that, if that was something they had to do. i don't think we'll get aing serious like that because there's not a mandate for that. >> i mean, one of the things interesting about the speech, and i realize you were not able to watch it, and i understand why. neil: harvard people listen to that. >> the comments were incenary t
i'm wondering whether it's democrats or liberals are over reading the election? i think it's safe to say there's a fair organization, -- fair argument, that raising taxes on the rich was a consequence of the election. all the other stuff is a leap. >> there's -- >> as far ashat you leverage off. >> winning by a couple points does not turn into a mandate that everybody's behavior in how they consume energy sign up f changing that, increased energy prices, vehicles you can...
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to happen and we can stop worrying about it and the markets will avoid crashing with the inevitable election of president kardashian. >> the policies coming out of that administration may be better than the ones right now. >> that was hash tag smooth on that political rant. >> personal hygiene. lindsay lohan bounce. >> you don't have to worry about personal hygiene. don't shower that morning. what is the difference. >> die smelly? >> you guys have a loincloth around the house? >> i hope guy does practice personal hygiene until the 20th. >> exactly. >> jane, good to see you. jane wells joining us from the west coast. next on fast is the smart phone revolution just getting started? the most closely watched is making a bold prediction and getting a lot of play on twitter. we have your tweets next. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life
to happen and we can stop worrying about it and the markets will avoid crashing with the inevitable election of president kardashian. >> the policies coming out of that administration may be better than the ones right now. >> that was hash tag smooth on that political rant. >> personal hygiene. lindsay lohan bounce. >> you don't have to worry about personal hygiene. don't shower that morning. what is the difference. >> die smelly? >> you guys have a loincloth...
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we had an election, thomas, where americans had a clear choice and they chose and we need to make sure that we think a balanced approach that is fair, that doesn't throw the middle class under the bus and that works mathematically. so far what we've seen from republicans in the house does not work in terms of reducing the deficit. >> congresswoman, we are watching the president on our screen at the business roundtable. there was an issue with the poll microphone for the president's address so they've handed him a different microphone, the leaders inside this room can hear exactly what the president is saying but his audio is too low for us to be able to share it with everybody. we're still working on that. when we see and hear about the fact this two-step plan getting something done for the middle class by the end of the year, does this set up the scenario we live in a perpetual state of fiscal cliff loopness, this is the same old dog and pony show every six months to a year fighting over the same things and not big, bold leadership? >> i hope not, certainly if it's not left up to pres
we had an election, thomas, where americans had a clear choice and they chose and we need to make sure that we think a balanced approach that is fair, that doesn't throw the middle class under the bus and that works mathematically. so far what we've seen from republicans in the house does not work in terms of reducing the deficit. >> congresswoman, we are watching the president on our screen at the business roundtable. there was an issue with the poll microphone for the president's...
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she raised $500,000 for his re-election campaign. she's been at "vogue" for more than 25 years and they say she's very happy about the current job. the white house was asked about the report and declined comment on it. do you believe the bloomberg report that anna winter is being considered as a possible u.s. ambassador? go to facebook.com/newsnation to cast that vote. that does it for this edition of "news nation." thank you for joining us. tomorrow we have a nice show for you. pennsylvania congresswoman allyson schwartz and john yarmuth. we'll get their insight. "the cycle" is up next. begin. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. [ male announcer ] taste it and describe the indescribable. social security are just numbers thinkin a budget.d... well, we worked hard for those benefits. we earned th
she raised $500,000 for his re-election campaign. she's been at "vogue" for more than 25 years and they say she's very happy about the current job. the white house was asked about the report and declined comment on it. do you believe the bloomberg report that anna winter is being considered as a possible u.s. ambassador? go to facebook.com/newsnation to cast that vote. that does it for this edition of "news nation." thank you for joining us. tomorrow we have a nice show for...
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in safe seats so the crucial election is not the general election, it's the primary election, and as we know in primaries, there's low participation which gives a hugely disproportionate power to the rigid extremes on both sides. that makes it very difficult. second is the overwhelming amount of money, of all of the judicial mistakes that have been made in history by supreme courts, few in my judgment will history record as being more unwise and wrong than the supreme court decision in the citizens united case, which took a situation already reeking with too much money and just poured tons of it, more into it. so for members now, it's just a mad money chase all the time, which i think is demeaning to everybody and very, very unfortunate. so it's a combination of factors. many others, but those are some of them. >> so look, you've helped negotiate peace in northern ireland. i worked you worked on peace in the middle east. how does the problem here get fixed? >> well, i think in the end, in democracies it's fixed only by the people. the word democracy is a combination of two greek word
in safe seats so the crucial election is not the general election, it's the primary election, and as we know in primaries, there's low participation which gives a hugely disproportionate power to the rigid extremes on both sides. that makes it very difficult. second is the overwhelming amount of money, of all of the judicial mistakes that have been made in history by supreme courts, few in my judgment will history record as being more unwise and wrong than the supreme court decision in the...
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dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired the big shot hollywood agency william morris to represent him in the next phase of his career. william morris is run by r.e.m. manuel, the brother of chicago mayor and the inspiration for the character ari goldman the
dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired the big shot hollywood agency william morris to represent him in...
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at the lowest level since president obama was re-elected. just now under that $1,700 mark. what's behind the sell-off and is this a buying opportunity? let's start talking futures now. let's start with you, you and rich have been bitten by the gold bug. are you ready to throw in the towel here? >> jackie, i'm not ready yet. usually when you see a day the dollar is as weak as it is, gold is higher. what's happening today is you're seeing a lot of profit taking on gold. it's not profit taking because we're up 9% on the year. traders are worried that some deal with the fiscal cliff will call for higher capital-gains taxes so traders are getting out of their gold positions before that might take effect. >> so profit taking, meantime, rich, what is dipping below the $1,700 mark mean? is that really the right level to be watching? >> well, we gave you the level $ $ $1,706. you're looking at $1,672. every trader will tell you it is a big level here, a close below that and there's more pain. in fact, let's watch today's close, in one hour, if we close below $1,700 i think there's m
at the lowest level since president obama was re-elected. just now under that $1,700 mark. what's behind the sell-off and is this a buying opportunity? let's start talking futures now. let's start with you, you and rich have been bitten by the gold bug. are you ready to throw in the towel here? >> jackie, i'm not ready yet. usually when you see a day the dollar is as weak as it is, gold is higher. what's happening today is you're seeing a lot of profit taking on gold. it's not profit...
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came with the election. currently my newsletter on november 19 went positive on the market, but i still think next year will be quite a rough year. liz: 20% haircut, that is rough, what would be the catalyst for that? >> lower earnings would be the culprit. liz: your cautious move into 2013, yet you're ready to put money to work. what areas should investors be looking at to dodge any kind of real danger in their portfolio? >> you talk about apple earlier in the segment. what is happening in the broader consumer space, what has been happening for the last several weeks is moving forward into 2013, a theme we have told clients about, this is rotation away from the consumer space and into some of the other sectors that have been lagging not only for the last few months but the last one or two years. apple really isn't the only culprit, although i know it moves a large percentage of the market. liz: home-building and financials. we had a pretty graphic if we can put up so people can get a sense, why those three?
came with the election. currently my newsletter on november 19 went positive on the market, but i still think next year will be quite a rough year. liz: 20% haircut, that is rough, what would be the catalyst for that? >> lower earnings would be the culprit. liz: your cautious move into 2013, yet you're ready to put money to work. what areas should investors be looking at to dodge any kind of real danger in their portfolio? >> you talk about apple earlier in the segment. what is...
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this is his third cancer that we knew of before the elections in october in venezuela. he said he'd been cured of cancer. that the doctors essentially saved his life. it turned out that that information was incorrect and hugo chavez in a very emotional address tonight to the people of venezuela said he needed to return to cuba immediately to undergo surgery and that his life is essentially on the life. he said good-bye to venezuela, said the support of the vice president -- and hugo chavez perhaps looking at mortality in the face. >> i think it's interesting that he said good-bye to the people of cuba. should we be reading anything into that? >> reporter: i think absolutely. it's been a year and a half where hugo chavez has really spent more time in cuba perhaps than in venezuela. months and months in cuba fighting cancer. some of the speculation flying around this time about his health and he consistently has said that he was receiving very good treatment, that he was recovering. again, it seems like those reports were not accurate, that hugo chavez is someone who's ve
this is his third cancer that we knew of before the elections in october in venezuela. he said he'd been cured of cancer. that the doctors essentially saved his life. it turned out that that information was incorrect and hugo chavez in a very emotional address tonight to the people of venezuela said he needed to return to cuba immediately to undergo surgery and that his life is essentially on the life. he said good-bye to venezuela, said the support of the vice president -- and hugo chavez...
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then he won the election. now he wants to increase it to over one half trillion. he has double down on all of these things. if you go back historically in this whole program, you might remember roy reagan, $3 in spending cuts for every dollar in new taxes. we get the taxes but ronald reagan never get the spending cuts. orge bush lost an ection in '92. he raised taxes on the democrats promised him $2 in spending cuts for every dollar in new taxes. george bush is still waitin for those $2 in spending cuts. now the present is saying to live in give you two and a half to one. it's time the democrats and the president stepped up and cut spding. gerri: to that point. want you to respond to what the white house had to say in response to the republicans offer and then go to michael's point about what you will actually get latr. here is what dan pfeiffer said. it promises to lower rates for the wealthy and stickhe middle-claas with the bill. we could do it pinocchio test. is that true or false? >> completely false. they want to keeall the race the same. now lower than for
then he won the election. now he wants to increase it to over one half trillion. he has double down on all of these things. if you go back historically in this whole program, you might remember roy reagan, $3 in spending cuts for every dollar in new taxes. we get the taxes but ronald reagan never get the spending cuts. orge bush lost an ection in '92. he raised taxes on the democrats promised him $2 in spending cuts for every dollar in new taxes. george bush is still waitin for those $2 in...
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than in elective office. it's a real help to the republicans in the senate because he has cost them the senate. he has done more damage to the senate and most especially to republicans in the senate than anyone else. he has backed these crazy, nutty tea parties who have gutted the republican nomination for senate in various states around the country, and then he went on to lose to democrats thereby preserving the democratic control of the senate, preserving harry he reed therei. he had become an absolute disaster within his own party. the big cheer today is in the republican caucus saying, finally, we're getting rid of our absolute craziest nut. >> very good. we congratulate them for that. another thing, lawrence, that happened today is governor bobby jindal wrote an op-ed in politico and he said, at present any reading the headlines over the past week indicates that republicans are fighting to protect the rich and cut benefits for senior. it may be possible to have worse political positioning than that, but
than in elective office. it's a real help to the republicans in the senate because he has cost them the senate. he has done more damage to the senate and most especially to republicans in the senate than anyone else. he has backed these crazy, nutty tea parties who have gutted the republican nomination for senate in various states around the country, and then he went on to lose to democrats thereby preserving the democratic control of the senate, preserving harry he reed therei. he had become...
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the administration is playing what it believes to be a stronger hand here essentially coming off the election, melissa, they think they have the power here and also the polls are in their favor. we'll talk about that tomorrow when we talk about the cnbc all america survey. >> steve, thanks for that interview. exclusive with secretary geithner. let's pop and drop. canadian pacific railway up 4%. >> we didn't talk about this railroad but we talked about some of the railroads that might benefit from the strike. this is not a factor from that. the railroads are rallying. >> got a pop here for the ishares china 2025. jim? >> china broke out. a lot of people looking for ways to expose it. the china ftse. this is a place i think we're goings higher. >> gnat gas up 4%. >> got a beth of a boost. also from companies wanting to get a little more gassy. >> oh. >> well, they are. they want to get some of this natural gas offshore and i still like it. >> grasso? >> i bought mc, i bought ac steel and i bought big steel, leonard x. i've already sold all three. i've clipped my profit. i'm done for now. if the
the administration is playing what it believes to be a stronger hand here essentially coming off the election, melissa, they think they have the power here and also the polls are in their favor. we'll talk about that tomorrow when we talk about the cnbc all america survey. >> steve, thanks for that interview. exclusive with secretary geithner. let's pop and drop. canadian pacific railway up 4%. >> we didn't talk about this railroad but we talked about some of the railroads that...
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that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use euphemisms, but agree to cutting medicare and medicaid. and by the way, that means cutting for seniors and poor people and special needs kids. that is not an easy thing to ask anybody to do, let alone the democratic party. which really created these programs. this is going to be awful and gruesome, but 70 for 60 in your poll, 60% of americans want to raise taxes on well off americans. 70% don't want to cut or 80, don't want to cut medicare or medicaid, so the hard stuff is coming. this is the easy stuff. we can't even get the republicans to agree to that. >> we're out of time guys, nice to talk to you as always. i appreciate it. >>> next, violent clashes along the turkey, syria border and a new heir to the british throne is on the way. our piers morgan will explain the fuss. that's coming up next. >>> we're back with tonight's designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men'
that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use euphemisms, but agree to cutting medicare and medicaid. and by the way, that means cutting for seniors and poor people and special needs kids. that is not an easy thing to ask anybody to do, let alone the democratic party. which really created these programs. this is going to be awful and gruesome, but 70 for 60 in your poll, 60% of americans want...
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our people in an overwhelmingly matter supported the re-election of this president and there ought be to a quid pro quo and we ought to exercise leadership on that. not just that, but why not? >>neil: what do you thing 1/2? >>guest: it is unfortunate. that is one council woman's comments. a challenge in detroit the city council and the mayor have not been on the same page. they are running out of time. they have been in a financial crisis if a long-term and it is an emergency. i am asking, actually, for a review to go in and spend 30 days starting next week to say, what is the situation on the ground and get things done or we have to look at other options. >>neil: her comments highlight what has been an attitude by unions and others to seize the moment and the initiatives and say president obama, we helped bring you this election and there is much to be said. they brought out the vote. the passion vote forment mit, the passion never turned out for the republicans but it did on the democratic side and they want a reward. what do you think of that? >>guest: i would not overread. that is
our people in an overwhelmingly matter supported the re-election of this president and there ought be to a quid pro quo and we ought to exercise leadership on that. not just that, but why not? >>neil: what do you thing 1/2? >>guest: it is unfortunate. that is one council woman's comments. a challenge in detroit the city council and the mayor have not been on the same page. they are running out of time. they have been in a financial crisis if a long-term and it is an emergency. i am...
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egypt's first elected president, mohamed morsi wanted to bring calm with a televised address tonight. he didn't. last month morsi granted himself near-absolute power. thousands of protesters are demanding that morsi scrap a proposed new constitution that they fear will take away many of their rights. holly williams is in cairo for us tonight. holly. >> reporter: well, scott, some people here thought that after days of protest and bloodshed, president morsi would make a major concession tonight but what he did offer won't be enough theirs opponents. they wanted him to immediately give up all of the sweeping new powers that he gave himself two weeks ago and they wanted him to postpone a referendum on egypt's new constitution, which is due to take place in under 10 days' time. they say that constitution doesn't protect the rights of all egyptians. but president morsi didn't do either of these things. instead, he offered to give up just one of his new powerses, a vaguely worded right to take all necessary steps to protect the country. he said he'd give up all the other powers once the ref
egypt's first elected president, mohamed morsi wanted to bring calm with a televised address tonight. he didn't. last month morsi granted himself near-absolute power. thousands of protesters are demanding that morsi scrap a proposed new constitution that they fear will take away many of their rights. holly williams is in cairo for us tonight. holly. >> reporter: well, scott, some people here thought that after days of protest and bloodshed, president morsi would make a major concession...
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>> you know, after this election, this issue is so ripe for the supreme court the jurisdictions are so split in their laws, many states recognizing same-sex marriage and performing same-sex marriages. some states not recognizing them. this is the perfect scenario for the supreme court to step in and ultimately make a ruling. there are over 1,000 cases, joe, in which federal laws are impacted by marital status. the time has come. it's ripe. prop 8 was on the doorstep for the supreme court. here we go. >> avery, we were trading e-mails a little bit a while ago. one of the questions i asked you was whether the supreme court essentially gave itself an emergency escape hatch with one of the cases it chose. can you talk about that? >> late yesterday, as you know, joe, the supreme court amended its grant of review when it said, we want to know about the issue of standing. meaning does the person involved in the challenge have the right to be there in the first place. if the court doesn't then what it means in practical terms is if you don't have the right to be in court, you don't have standi
>> you know, after this election, this issue is so ripe for the supreme court the jurisdictions are so split in their laws, many states recognizing same-sex marriage and performing same-sex marriages. some states not recognizing them. this is the perfect scenario for the supreme court to step in and ultimately make a ruling. there are over 1,000 cases, joe, in which federal laws are impacted by marital status. the time has come. it's ripe. prop 8 was on the doorstep for the supreme court....
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are people overwhelmingly supported him in the election. not just at, buthy not? gerri: quid pro quo, bring home the bacon. very controversial. we are going to have one out in just a moment. but first, it could be a day of reckoning lawmakers in michigan considering changing the status to a right to work state, giving workers the freedom to opt out of paying union dues. we have the abor policy director for the mackic center for labor policy. tell me what it is you're trying to do wi this legislation. >> there are rumors that michigan can become the 24th rights work state in the nation. he gives workers the ability to choose whether or not to pay a union and without rights or protections, they can actually get the worker fired in aunion if they choose not to gerri: i understand there are some five groups of unions to protest what you're trying to do. at you make of that? >> they are protesting what they think may be an imminent right to work bill introduced in michigan's capital in lansing. gerri:ets get what we always talk about on the show. that is the money. wha
are people overwhelmingly supported him in the election. not just at, buthy not? gerri: quid pro quo, bring home the bacon. very controversial. we are going to have one out in just a moment. but first, it could be a day of reckoning lawmakers in michigan considering changing the status to a right to work state, giving workers the freedom to opt out of paying union dues. we have the abor policy director for the mackic center for labor policy. tell me what it is you're trying to do wi this...
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Dec 3, 2012
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i think it is baked into the cake it is the result of election and elections have consequences. but on the wealthy i think the rates go up but with the latest proposal, why see enough to adhere to what was the debt commission in cuts, is too little too late, but, too little, more to the point. >>guest: it is too little. what really has to happen here, you are not going to get a good answer in the next two years. you have the groups going at it and they are not going to get it. we have do wait-and-see what happens in 2014 and there are 33 senate seats up, the democrats have 20, the republicans have 13, there are thine freshman democratic senators, see what happens. if it happened that way in 2010, if we take the senate, obama will then see the light. if you hold his feet to the fire they will feel the heat and see the light. i hope that is how it happens. >>neil: we will see what happens. do you see these? they will ruin your christmas all because unions are not budging and this stuff keeps happening, the "ship" is really going to hit the fan. [ male announcer ] kids grow up in n
i think it is baked into the cake it is the result of election and elections have consequences. but on the wealthy i think the rates go up but with the latest proposal, why see enough to adhere to what was the debt commission in cuts, is too little too late, but, too little, more to the point. >>guest: it is too little. what really has to happen here, you are not going to get a good answer in the next two years. you have the groups going at it and they are not going to get it. we have do...
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Dec 5, 2012
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, meaning the president, and re-elected us. that's not a mandate to raise taxes. it's a mandate to work together. >> mandate to work together which means they may not go on their break which is expected. i heard the speaker tell you that he's going to tell you as well. quickly, dana, he's going to stay regardless of whether they go on break, right? >> reporter: right. and the question was the house of representatives is going to finish their work this week in about 45 minutes and it's only wednesday. >> right. >> reporter: they are going to go home. they are not going to be in session on thursday or friday. i asked the speaker whether that is got optics for the house to leave town while the fiscal cliff is so close in front of us and that is the answer, that he will be in town, ready, willing, and able to talk to the president at any time. so that was really the issue. the house republican leadership, i tell you, they say they simply don't have any legislation to put on the floor. that's why they are play sending their members
, meaning the president, and re-elected us. that's not a mandate to raise taxes. it's a mandate to work together. >> mandate to work together which means they may not go on their break which is expected. i heard the speaker tell you that he's going to tell you as well. quickly, dana, he's going to stay regardless of whether they go on break, right? >> reporter: right. and the question was the house of representatives is going to finish their work this week in about 45 minutes and...
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Dec 6, 2012
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we don't have a revenue problem, ann. >> we lost the election, sean. >> sean: we won the election in the house, ann. the government stays the same. >> but again, it's going to be like in 1994 when oh, yea, republicans won the house was ad the senate and the government shut down. that hurts republicans. it hurt them a lot. >> sean: republicans run on the idea that they're going to be for limited government, less government spending, lower taxes. >> they will be. >> sean: well, if they're going to raise taxes and buy obama's argument and co-op his language, then we're -- >> they're not allowing taxes to be raised on 98% of america. >> sean: you sound like obama. >> no, i don't. i see what the media can do. when the media convinces a majority of americans who voted in november that the economy was george bush's fault, we can't just say give into. >> sean: you're saying give into what the media is saying about you. >> no. but every once in a while to too something that feeds into a particular stereotype of republicans. >> sean: you think they're ever going to like them? >> you don't give
we don't have a revenue problem, ann. >> we lost the election, sean. >> sean: we won the election in the house, ann. the government stays the same. >> but again, it's going to be like in 1994 when oh, yea, republicans won the house was ad the senate and the government shut down. that hurts republicans. it hurt them a lot. >> sean: republicans run on the idea that they're going to be for limited government, less government spending, lower taxes. >> they will be....
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Dec 2, 2012
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he won the election. and he told the american people we were going to raise the rates on the top income earners. now that is what he is trying to do. i think there is some give here. i don't think it has to go up to 39.6. right now it's 35. maybe it goes up a point or two. listen, republicans need time to sort through all of this. there will be a short-term agreement. there will be a down payment with some increased taxes. some increased budget cuts. then there will be a framework for next year. i think they will reach a deal next year. i don't think it's easy. but listen, this is all what politics is about. no one gets everything. you have a negotiation. that is what is going on now. negotiation. >> eric: when you say you think there are increaseded taxes or like increased revenues instead of the increased taxes like republicans want? >> here is what is at stake. economy is on the brink potentially of going to recession. that will have the worst impact on the deficit that anything will. we got to make su
he won the election. and he told the american people we were going to raise the rates on the top income earners. now that is what he is trying to do. i think there is some give here. i don't think it has to go up to 39.6. right now it's 35. maybe it goes up a point or two. listen, republicans need time to sort through all of this. there will be a short-term agreement. there will be a down payment with some increased taxes. some increased budget cuts. then there will be a framework for next...
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remember, before the election, questions about how it was counted. were the numbers accurates lots and lots of revisions. do you feel we can trust these numbers? >> yeah, i think we can trust the numbers. i think it would take a heroic conspiracy by people at the bureau of labor statistics are in the administrative branch nrd to cook the numbers. there's volatility, and revisions, but i don't think that's theeissue. the issue is the policies we're debating in the context of the fiscal cliff. gerri: it's interesting you say the impact of the fiscal cliff impacting manufacturing here. how do you see that? >> i mean, if it's going to impact manufacturing, but business generally. care about the manufacturing sector certainlily, but there's all sorts of activity, where it locates, and whether it's building, expanding, or contracting. manufacturing is just a piece of the overall pie. there's tons of other stuff. gerri: tons. jeff, you know, the federal reserve seems to uphold every trick in the book and made up more to get the economy going. they say they'
remember, before the election, questions about how it was counted. were the numbers accurates lots and lots of revisions. do you feel we can trust these numbers? >> yeah, i think we can trust the numbers. i think it would take a heroic conspiracy by people at the bureau of labor statistics are in the administrative branch nrd to cook the numbers. there's volatility, and revisions, but i don't think that's theeissue. the issue is the policies we're debating in the context of the fiscal...
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Dec 8, 2012
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and post election blues. that's the subject of this evening's talking points memo many believe the president has the upper hand in the fiscal cliff negotiations. if we gopher 00 cliff republicans think they will get most of the blame. if they give in to tax hikes conservatives believe they will infuriate their base. senator rand paul even believes that since they have such little leverage in the talks of president obama. well, republicans should just get out of the way and let the democrats raise taxes as much as they want. and then let the president take responsibility for party of high taxes. now can i understand senator paul's thinking especially given the fact that the president has already announced ahead of his mano a mano meeting can john boehner that he won't concede an inch on tax cuts. this republican defeatism news broke of jim demint's departure from the senate yesterday. is he a tea party warrior and demint is a hero to part of the g.o.p.'s 2010 midterm route. now he is off to head off a think ta
and post election blues. that's the subject of this evening's talking points memo many believe the president has the upper hand in the fiscal cliff negotiations. if we gopher 00 cliff republicans think they will get most of the blame. if they give in to tax hikes conservatives believe they will infuriate their base. senator rand paul even believes that since they have such little leverage in the talks of president obama. well, republicans should just get out of the way and let the democrats...
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our people in an overwhelmingly support re-election. >> eric: we voted for obama. quid pro quo. can you talk to me about that comment? >> kimberly: the problem is they are suffering. what do they do to help detroit except for michael moore fleecing and taking the cash out of it. it's a mockery of the situation. job market there, the economy. it's depressed. >> dana: the point of the election and swing state of michigan is president obama saved michigan and the auto industry in detroit because of his actions to bail him out. at least she is honest about what they are looking for. they are not honest about the problem. >> bob: pall ryan fleeced left and right. >> dana: you are hilarious. >> greg: i was hoping this was bacon. i thought they were bringing bacon home. i was depressed -- >> kimberly: you like bacon. >> greg: everybody got bacon instead of money it would be a better place. >> eric: leave it there. coming up, three stories that you will not believe the real story behind the shoeless nan the photo that made national headlines. atheists won a battle in the war on christma
our people in an overwhelmingly support re-election. >> eric: we voted for obama. quid pro quo. can you talk to me about that comment? >> kimberly: the problem is they are suffering. what do they do to help detroit except for michael moore fleecing and taking the cash out of it. it's a mockery of the situation. job market there, the economy. it's depressed. >> dana: the point of the election and swing state of michigan is president obama saved michigan and the auto industry in...
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Dec 6, 2012
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really, i can see why they didn't want it to come out before the election. it makes republicans look fantastic. like we are. even though they want to rewrite history and say lincoln was a democrat. he wasn't. president obama is nothing like him. >> eric: you knew lincoln. was he a nice guy? >> bob: he was. i covered his second campaign. not the first. but the second one was pretty good. risky deal on my part. i was out there in the middlefield covering it. it was tough. >> eric: quick thought. heritage founder leader, a good pick. >> dana: i think so, t
really, i can see why they didn't want it to come out before the election. it makes republicans look fantastic. like we are. even though they want to rewrite history and say lincoln was a democrat. he wasn't. president obama is nothing like him. >> eric: you knew lincoln. was he a nice guy? >> bob: he was. i covered his second campaign. not the first. but the second one was pretty good. risky deal on my part. i was out there in the middlefield covering it. it was tough. >>...
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Dec 6, 2012
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really, i can see why they didn't want it to come out before the election. it makes republicans look fantastic. like we are. even though they want to rewrite history and say lincoln was a democrat. he wasn't. president obama is nothing like him. >> eric: you knew lincoln. was he a nice guy?
really, i can see why they didn't want it to come out before the election. it makes republicans look fantastic. like we are. even though they want to rewrite history and say lincoln was a democrat. he wasn't. president obama is nothing like him. >> eric: you knew lincoln. was he a nice guy?
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Dec 7, 2012
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he is hereto elected nor has he ever run for office so why is washington so scared of him? >> it's also politically smart to cut the knees out from under grover norquist. this guy, who is he? >> one dangerous man, cut the knees out from under him? because he gave candidates an opportunity to sign a tax pledge. they signed it. >> two quick points. number one, a person who stands in the way of a victory by the left is a dangerous man by definition. number two, i love cokie roberts saying he's an unelected lobbyist. what is she? she is doing the exact same thing he is doing but she's doing from her perch at abc news. how dare she's pom puts, arrogant couragists say these people are unelected people. folks, so are you. >> good point. all right. let's go to pbs, paul crugman. he has the power grab to take away the constitutional authority from congress. they have the the ability to spend money. he wants to give the president a blank check. watch this. >> the president has also proposed something that john boehner calls silliness, or geithner did, which is taking the idea of debt
he is hereto elected nor has he ever run for office so why is washington so scared of him? >> it's also politically smart to cut the knees out from under grover norquist. this guy, who is he? >> one dangerous man, cut the knees out from under him? because he gave candidates an opportunity to sign a tax pledge. they signed it. >> two quick points. number one, a person who stands in the way of a victory by the left is a dangerous man by definition. number two, i love cokie...
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Dec 8, 2012
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majority of states, four out of five states, the people have chose on the either vote themselves or their elected representatives to stake with traditional marriage. >> reporter: for paul and jeff, the supreme court decision is personal. they launched the challenge to prop 8 seeking the right to marry. >> sometimes the court system needs to nudge us forward to be a better, more united america. >> reporter: the court could rule in a way that impacts same- sex marriage only in california and does not affect the rest of the country. >> movements are a mix of things and you have to kind of take the ups with the downs. >> reporter: the court will hear the marriage cases in march. a decision will probably come by the end of june. john blackstone, cbs news, san francisco. >> pelley: john, thank you. the court also said today it will hear a second case on same- sex marriage. that case is a challenge to the current law that denies married same-sex couples the same federal benefits as other married couples. we checked with the census bureau today and they told us there are just over 600,000 same-sex couple
majority of states, four out of five states, the people have chose on the either vote themselves or their elected representatives to stake with traditional marriage. >> reporter: for paul and jeff, the supreme court decision is personal. they launched the challenge to prop 8 seeking the right to marry. >> sometimes the court system needs to nudge us forward to be a better, more united america. >> reporter: the court could rule in a way that impacts same- sex marriage only in...
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Dec 5, 2012
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tell me what you want for us to do but i don't like the idea that i was elected and my election certificate is as valid as anybody else's here not to have a say in this. i'd say to my colleagues, lets us, the people's house, take back control of this argument, come together and put something forward. >> you and others have signed on to a so-called discharge petition that would cause the house of representatives to take a vote on the bill passed in the senate some time ago that would extend the so-called bush era tax cuts for people earning less than $250,000. it requires 218 signatures. that means you've got to get some republicans to sign on. do you have any indication that any people will break from speaker boehner and sign your petition? >> i think so. i know one for example, my friend walter jones down in north carolina, said that he's open to it. i think i need 41 people now. we've got 177. i need 41 people to come forward and i think what's really interesting about this is, republicans aren't violating any pledge on this. they are assuring taxes don't go up. i see no reason why we can
tell me what you want for us to do but i don't like the idea that i was elected and my election certificate is as valid as anybody else's here not to have a say in this. i'd say to my colleagues, lets us, the people's house, take back control of this argument, come together and put something forward. >> you and others have signed on to a so-called discharge petition that would cause the house of representatives to take a vote on the bill passed in the senate some time ago that would...
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Dec 6, 2012
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republicans elected won those elections running on the limited government and less taxes. they shouldn't give in to that. principle is wrong and the president doesn't have a serious plan. his idea of raising taxes will run it for a few days. it's a political trophy to the left. we need to do what is good for america despite what he has been able to sell the media. taxing the rich is not going to help the middle class. >> bret: are you going to run for president? >> guest: i am president of the heritage foundation and that is the job i want. >> bret: senator, thank you very much. good luck. >> bret, thank you. >> bret: still ahead -- it's not every day you see an 81-year-old former senator dancing gangnam style. we'll talk with alan simpson about his unique approach to fiscal sanity. up next, is syria's president dancing with the del preparing chemical weapons? -- devil by preparing chemical weapons? ve kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures l
republicans elected won those elections running on the limited government and less taxes. they shouldn't give in to that. principle is wrong and the president doesn't have a serious plan. his idea of raising taxes will run it for a few days. it's a political trophy to the left. we need to do what is good for america despite what he has been able to sell the media. taxing the rich is not going to help the middle class. >> bret: are you going to run for president? >> guest: i am...
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Dec 3, 2012
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you know, we got seven weeks between election day and the end the year. and three of those weeks have been wasted with this nonsense. >> okay. >> it's clear he's not pleased from his ha. is the president in danger of going too far? >> no. i think that everyone is amazed that president obama is pursuing an absolutely normal approach to negotiation. people over the last two years got so accustomed to his strategy of almost preemptive concession, you know, you don't like this, i'll give you more. i'll give you more. what obama did is say look here's what i want. this will solve the problem in my view and by the way we still don't have a recovery that's going quickly enough, we still need to goose the economy some. and the republicans are flabbergasted that he's not already making concessions and all he's asking for is okay guys, you say we don't have to raise the top rate, show me how you're going to do it with all these deductions many of which by the way are popular. you want more medicare cuts show me what you want and i think this is a perfectly normal n
you know, we got seven weeks between election day and the end the year. and three of those weeks have been wasted with this nonsense. >> okay. >> it's clear he's not pleased from his ha. is the president in danger of going too far? >> no. i think that everyone is amazed that president obama is pursuing an absolutely normal approach to negotiation. people over the last two years got so accustomed to his strategy of almost preemptive concession, you know, you don't like this,...
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i was re-elected. the american people understand that we have a serious fiscal challenge in our country. we want to meet obligations to the seniors. we have work to do. we have committed to spending cuts. we need the republicans to commit to some revenue while protecting and strengthening the middle class. protect the tax cuts of the middle class and expand opportunity for success in the country, that we really work toward economic growth the right way and a partner. it's got to be spending cuts and revenue. >> what do you feel about this proposal, if you will, that's been floated out by some to deal with the tax cuts now and deal with the other issues of medicare and i bring0u$ medicae because you have concerns about co-pay and other issues that could affect a number of people, not just in your state but of course we know throughout. >> there are a number of issues facing us. i think it's very important to extend the middle class tax cuts and it's great if it's true but we haven't heard speaker boehn
i was re-elected. the american people understand that we have a serious fiscal challenge in our country. we want to meet obligations to the seniors. we have work to do. we have committed to spending cuts. we need the republicans to commit to some revenue while protecting and strengthening the middle class. protect the tax cuts of the middle class and expand opportunity for success in the country, that we really work toward economic growth the right way and a partner. it's got to be spending...
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Dec 4, 2012
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it was very clear before the election, but we had an election. americans repudiated the republican idea. reverse robin hood economics and yet they are coming back with it. over and over and over again. i think the fact that boehner will not schedule a vote on the middle class extension of the bush tax cuts that the president wants, the senate has already passed this. boehner is under increasing pressure to schedule a vote on this and get it out of the way. once they do that, the game is over. >> nancy pelosi is trying to take care of that. she plans to bring a discharge petition to the floor of the house tomorrow. this would force republicans to openly accept or reject the middle class tax cuts. did this influence the republicans desire to release a plan? do you think this conversation in recent days about this technique that she's going to put on the floor, do you think that prompted this deal today? >> if you call this deal a plan. there's nothing here, ed. this is exactly what romney was touting. they don't want to raise taxes on the rich. the
it was very clear before the election, but we had an election. americans repudiated the republican idea. reverse robin hood economics and yet they are coming back with it. over and over and over again. i think the fact that boehner will not schedule a vote on the middle class extension of the bush tax cuts that the president wants, the senate has already passed this. boehner is under increasing pressure to schedule a vote on this and get it out of the way. once they do that, the game is over....
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Dec 2, 2012
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. >> it is by the end of this week and here is why, the republicans came out right after the election and said to the president, you want revenue here. you want revenue on the wealthy, we'll give it to you, limiting tax deductions for the wealthy. the president instead of taking that and running with tceiling a deal has been campaigning for tax hikes and to cap it off sent treasury secretary tim geithner to congress with this outrageous proposal as basically a compilation of everything that the president wanted in his budget and beyond what he even campaigned for. as a result i think most republicans wonder how serious he is about doing this. they feel things are going backward. >> paul: yeah, that, that's the way it sounds to me, too, i talked to some senior republicans this week and they're increasingly of the belief that maybe the president wants to back them into a corner, that could push them over the cliff and then be able to blame them if you have a recession or for taxes going up on everybody. >> well, i don't doubt that's what he's trying to do. it's hard to see where the ups
. >> it is by the end of this week and here is why, the republicans came out right after the election and said to the president, you want revenue here. you want revenue on the wealthy, we'll give it to you, limiting tax deductions for the wealthy. the president instead of taking that and running with tceiling a deal has been campaigning for tax hikes and to cap it off sent treasury secretary tim geithner to congress with this outrageous proposal as basically a compilation of everything...
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jobs numbers matter a lot less the month after the election. tiny popularity issues are not the central factor here. it's these negotiations between two guys. >> ayman you're inside the capitol dome right now. what is the sense? were you surprised at the speaker's comments no progress, it was a pleasant conversation, which is a good thing, but the fact thats there's no measurable difference from today versus yesterday? >> yeah. when somebody says if washington they've had a pleasant conversation, that means we got absolutely nothing accomplished but nice to talk to the other guy. i was a little bit surprised because we had heard there was this phone call between the president and speaker on wednesday. yesterday we were told that, in fact, staff negotiations had resumed between obama's staff and the president's -- and the speaker's staff and you saw this very tight coordination of messaging between obama and boehner that indicated they were working together well. then we see this from the speaker today. but after that, the aides came out private
jobs numbers matter a lot less the month after the election. tiny popularity issues are not the central factor here. it's these negotiations between two guys. >> ayman you're inside the capitol dome right now. what is the sense? were you surprised at the speaker's comments no progress, it was a pleasant conversation, which is a good thing, but the fact thats there's no measurable difference from today versus yesterday? >> yeah. when somebody says if washington they've had a pleasant...